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Santiago, Chile

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Sarra
Last Updated: 27-Oct-2010
Market Overview
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* Click on each category for a detailed definition.

Rent/M2/Year RENT/SF/Year
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) CLP 149,100.00 CLP 199,000.00 CLP 156,000.00 $ 28.31 $ 37.78 $ 318.79 4.5% 8.0%
Class A (Prime) CLP 125,000.00 CLP 153,360.00 CLP 142,000.00 $ 23.73 $ 29.12 $ 290.18 5.3% 8.0%
Class B (Secondary) CLP 106,000.00 CLP 127,000.00 CLP 116,500.00 $ 20.12 $ 24.11 $ 238.07 6.0% 8.0%
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A 9.0%
Class A (Prime) N/A N/A N/A N/A N/A N/A N/A 9.0%
Class B (Secondary) CLP 85,000.00 CLP 99,500.00 CLP 92,250.00 $ 16.14 $ 18.89 $ 188.52 N/A 10.0%
 
Industrial
Bulk Warehouse CLP 15,500.00 CLP 26,000.00 CLP 20,750.00 $ 2.94 $ 4.94 $ 42.40 2.8% 12.0%
Manufacturing CLP 18,500.00 CLP 24,400.00 CLP 21,450.00 $ 3.51 $ 4.63 $ 43.83 N/A 12.0%
High Tech / R&D CLP 31,000.00 CLP 41,500.00 CLP 36,250.00 $ 5.89 $ 7.88 $ 74.08 N/A 12.0%
 
Retail
Downtown CLP 250,300.00 CLP 1,253,000.00 CLP 502,500.00 $ 47.52 $ 237.88 $ 1,026.87 .5% 6.5%
Neigborhood Service Centers CLP 200,500.00 CLP 301,500.00 CLP 251,000.00 $ 38.06 $ 57.24 $ 512.93 12.0% 11.0%
Community Power Center CLP 385,200.00 CLP 770,400.00 CLP 577,800.00 $ 73.13 $ 146.26 $ 71.01 5.8% 12.0%
Regional Malls N/A N/A N/A N/A N/A N/A N/A 12.0%

Development Land Low/ M2 High/ M2 Low/Acre High/Acre
Office in CBD CLP 1,498,000.00 CLP 2,782,000.00 $ 12,388,270.72 $ 23,006,788.49
Land in Office Parks CLP 240,000.00 CLP 278,200.00 $ 1,984,769.68 $ 2,300,678.85
Land in Industrial Parks CLP 64,200.00 CLP 85,600.00 $ 530,925.89 $ 707,901.18
Office/Industrial Land - Non-park CLP 64,200.00 CLP 128,400.00 $ 530,925.89 $ 1,061,851.78
Retail/Commercial Land CLP 428,000.00 CLP 642,000.00 $ 3,539,505.92 $ 5,309,258.88
Residential CLP 107,000.00 CLP 256,800.00 $ 884,876.48 $ 2,123,703.55

Conversion 489.35CLP = 1 US$


Footnote: The rent values are + VAT
 

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